The consumer and retail industry is facing serious financial and operational pressures during this time of uncertainty. While the world continues to address the immediate public health impacts of COVID-19, the industry is having a liquidity-focused response to outlast the current economic shutdown. It is clear that COVID-19 will have many permanent, long-term implications for retailers and manufacturers as changes in consumer preferences and buying habits impact the future of commerce. Preparing for this new reality, as well as the business and operational ramifications for companies, will be critical for the future of your business.
KPMG can help in the following areas: